{"id":610421,"date":"2024-12-15T16:16:34","date_gmt":"2024-12-15T16:16:34","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=610421"},"modified":"2024-12-15T16:16:34","modified_gmt":"2024-12-15T16:16:34","slug":"pudgy-penguins-record-18m-in-daily-nft-sales-heres-what-fueled-it","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pudgy-penguins-record-18m-in-daily-nft-sales-heres-what-fueled-it","title":{"rendered":"Pudgy Penguins Record $18M In Daily NFT Sales &#8211; Here&#8217;s What Fueled It"},"content":{"rendered":"<p>Pudgy Penguins, a renowned non-fungible token project, is making a huge comeback in the NFT market. The Pudgy Penguins NFT collection started climbing earlier this month, reaching several record milestones including, becoming the second most-largest NFT collection by both market capitalization and floor price in the global NFT market. In yet another milestone, the Pudgy Penguins NFT has recorded +$18 million in daily NFT trading sales volume, the highest daily sales volume in 2024.<\/p>\n<h2>Penguins Records +18M In Daily NFT Sales Volume<\/h2>\n<p>Data compiled by <a href=\"https:\/\/www.coingecko.com\/en\/nft\/highest-volume\">CoinGecko.com<\/a>, one of the world&rsquo;s largest independent cryptocurrency data aggregators and a non-fungible token explorer, shows that the Pudgy Penguins NFT collection has significantly exploded in daily trading sales volume. In the past 24 hours, the Pudgy Penguins NFT collection has amassed a trading sales volume of 4,682 ETH, equivalent to $18,122,856 at current crypto market value.<\/p>\n<p><img decoding=\"async\" class=\"alignnone  wp-image-610425\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Pudgy-Penguins-Leads-In-Sales--300x56.png\" alt=\"Pudgy Penguins Lead In Sales\" width=\"841\" height=\"157\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Pudgy-Penguins-Leads-In-Sales--300x56.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Pudgy-Penguins-Leads-In-Sales--1024x190.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Pudgy-Penguins-Leads-In-Sales--768x142.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Pudgy-Penguins-Leads-In-Sales-.png 1235w\" sizes=\"(max-width: 841px) 100vw, 841px\"><\/p>\n<p>Launched in July 2021, Pudgy Penguins is a renowned non-fungible token collection from the digital asset incubation studio and cartoon toy brand Igloo, featuring a limited edition of 8,888 penguin birds hosted on the Ethereum blockchain network. The Pudgy Penguins NFT collection has rapidly risen in traction, becoming one of the most traded NFT collections in the digital asset market.<\/p>\n<p>Earlier this month, the Pudgy Penguins NFT collection started skyrocketing sales, surpassing the Bored Ape Yacht Club NFT collection both in trading sales volume and floor price value. For the past three days, the Pudgy Penguins have emerged as the most-traded NFT collection in the NFT market. In the past 24 hours, the Pudgy Penguins have topped the NFT market chart, taking down OG NFTs like the Azuki NFT collection.<\/p>\n<h2>Factors Fueling Pudgy Penguins NFT Growth<\/h2>\n<p>The recent exponential growth in the Pudgy Penguins NFT market can be associated with several factors. One of the factors is the launching of a crypto coin &ldquo;PENGU&rdquo; announced over the past weekend. The recent surge could have been fueled by the recent announcement of the highly awaited Abstract L2 Chain in January 2025. Moreover, there are rumors that the Pudgy Penguins NFT holders might get an airdrop soon.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">What's the reason for the Pudgy Penguins pump today ?<\/p>\n<p>&mdash; The Crypto Dog &#128200; (@TheCryptoDog) <a href=\"https:\/\/twitter.com\/TheCryptoDog\/status\/1868258762508898501?ref_src=twsrc%5Etfw\">December 15, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In the meantime, other NFTs within the Pudgy Penguins are also rallying. In the past 24 hours, the Lil Pudgy, a non-fungible token featuring a limited set of 22,222 NFTs hosted on the Ethereum network, has recorded a trading sales volume of 1,744 ETH, taking the second spot in the NFT market. Pudgy Rod NFT collection has also climbed in the ranking, becoming one of the five most traded NFTs in the NFT market. The Pudgy Penguins, Lil Pudgy and Pudgy Rods NFT collections have surged +100% in the past 30 days.<\/p>\n<h3>Related NFT News:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/top-selling-nfts-this-week-pudgy-penguins-leads-in-sales-volume\">Top Selling NFTs This Week &ndash; Pudgy Penguins Leads In Sales Volume<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/ledger-user-claims-losing-2-5m-in-bitcoin-nfts-what-went-wrong\">Ledger User Claims Losing $2.5M In Bitcoin &amp; NFTs &ndash; What Went Wrong?<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/penguin-nft-has-outpaced-bitcoin-in-value-hits-107k-floor-price\">Penguins NFT Has Outpaced Bitcoin In Value &ndash; Hits $107K Floor Price<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - 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The Pudgy Penguins NFT collection started climbing earlier this <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1882,"featured_media":610424,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-610421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Penguins Record $18M In Daily NFT Sales - Here&#039;s What Fueled It<\/title>\n<meta name=\"description\" content=\"The Pudgy Penguins NFT has recorded over $18 million in daily NFT trading sales volume, the highest daily trading sales volume in 2024.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/610421\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pudgy Penguins Record $18M In Daily NFT Sales - Here&#039;s What Fueled It\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-15T16:16:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Pudgy-P-NFTs.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1131\" \/>\n\t<meta property=\"og:image:height\" content=\"699\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Dominic Kimani\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@domkim2030\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dominic Kimani\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/610421#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/610421\"},\"author\":{\"name\":\"Dominic Kimani\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/f16958b797c0e54baf7655a53952e3e0\"},\"headline\":\"Pudgy Penguins Record $18M In Daily NFT Sales &#8211; 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